Greece TR (Greece) Market Value

NQGRT -  Greece Index  

EUR 535.32  1.74  0.32%

Greece TR's market value is the price at which a share of Greece TR stock trades on a public exchange. It measures the collective expectations of Greece TR investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Greece TR and determine expected loss or profit from investing in Greece TR over a given investment horizon. Check out Greece TR Hype Analysis, Greece TR Correlation, Portfolio Optimization, Greece TR Volatility, as well as analyze Greece TR Alpha and Beta and Greece TR Performance.
Symbol
Backtest

Please note, there is a significant difference between Greece TR's value and its price as these two are different measures arrived at by different means. Investors typically determine Greece TR value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greece TR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Greece TR 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Greece TR's index what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Greece TR.
0.00
12/28/2021
No Change 0.00  0.0 
In 5 months and 30 days
06/26/2022
0.00
If you would invest  0.00  in Greece TR on December 28, 2021 and sell it all today you would earn a total of 0.00 from holding Greece TR or generate 0.0% return on investment in Greece TR over 180 days. More

Greece TR Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Greece TR's index current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Greece TR upside and downside potential and time the market with a certain degree of confidence.

Greece TR Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Greece TR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greece TR's standard deviation. In reality, there are many statistical measures that can use Greece TR historical prices to predict the future Greece TR's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Greece TR's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Greece TR in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
533.54535.32537.10
Details
Intrinsic
Valuation
LowReal ValueHigh
496.07497.85588.85
Details
Naive
Forecast
LowNext ValueHigh
508.12509.90511.68
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
505.54564.39623.23
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Greece TR. Your research has to be compared to or analyzed against Greece TR's peers to derive any actionable benefits. When done correctly, Greece TR's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Greece TR.

Greece TR Backtested Returns

Greece TR holds Efficiency (Sharpe) Ratio of -0.0787, which attests that the entity had -0.0787% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Greece TR exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away.
The index retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. Let's try to break down what Greece's beta means in this case. the returns on MARKET and Greece TR are completely uncorrelated. Even though it is essential to pay attention to Greece TR current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Greece TR exposes twenty-eight different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.74  

Good predictability

Greece TR has good predictability. Overlapping area represents the amount of predictability between Greece TR time series from 28th of December 2021 to 28th of March 2022 and 28th of March 2022 to 26th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Greece TR price movement. The serial correlation of 0.74 indicates that around 74.0% of current Greece TR price fluctuation can be explain by its past prices.
Correlation Coefficient0.74
Spearman Rank Test0.59
Residual Average0.0
Price Variance904.56

Greece TR lagged returns against current returns

Autocorrelation, which is Greece TR index's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Greece TR's index expected returns. We can calculate the autocorrelation of Greece TR returns to help us make a trade decision. For example, suppose you find that Greece TR index has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Greece TR regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Greece TR index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greece TR index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greece TR index over time.
 Current vs Lagged Prices 
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      Timeline 

Greece TR Lagged Returns

When evaluating Greece TR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greece TR index have on its future price. Greece TR autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Greece TR autocorrelation shows the relationship between Greece TR index current value and its past values and can show if there is a momentum factor associated with investing in Greece TR.
 Regressed Prices 
Share
      Timeline 

Greece TR Investors Sentiment

The influence of Greece TR's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Greece. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Greece TR in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Greece TR's short interest history, or implied volatility extrapolated from Greece TR options trading.

Current Sentiment - NQGRT

Greece TR Investor Sentiment

Most of Macroaxis investors are at this time bullish on Greece TR. What is your judgment towards investing in Greece companies? Are you bullish or bearish on Greece TR?
Bullish
Bearish
98% Bullish
2% Bearish

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Greece TR Hype Analysis, Greece TR Correlation, Portfolio Optimization, Greece TR Volatility, as well as analyze Greece TR Alpha and Beta and Greece TR Performance. Note that the Greece TR information on this page should be used as a complementary analysis to other Greece TR's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

Other Tools for Greece Index

When running Greece TR price analysis, check to measure Greece TR's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Greece TR is operating at the current time. Most of Greece TR's value examination focuses on studying past and present price action to predict the probability of Greece TR's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Greece TR's price. Additionally, you may evaluate how the addition of Greece TR to your portfolios can decrease your overall portfolio volatility.
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